'Expect more layoffs this year': Lim Swee Say

More workers are expected to be retrenched this year compared with the figure last year, as signs of an economic slowdown become more evident, labour chief Lim Swee Say said on Sunday. As demand slows, some companies are already putting their workers on a shorter work week, such as having them work only four days a week, he noted. But he stressed that the situation is nowhere close to the economic downturn of 2008. The National Trades Union Congress (NTUC), together with the Workforce Development Agency, is working with affected employers to send workers for training on the extra day off before they consider layoffs. Please enable JavaScript to view the comments powered by Disqus. blog comments powered by Disqus